Design for Industry graduate Oliver came up with the idea of a floating house, entitled "abode" for his final year degree show.
Initially conceived as alternative affordable accommodation for young professionals, the project could also be used in areas at risk of flooding.
Oliver, 24, from Leeds, said: "The house is prefabricated and lightweight and could easily be assembled both at home and overseas in emergency situations. With all the recent floods, the focus has been on the problem of insurance but surely we need to look at the whole concept of housing design, especially in areas at risk of flooding."
Aimed at single professional people, the floating house can move with its occupier through the canal network or by road and has an estimated market value of between pounds 60,000 and pounds 70,000.
"It's really about viewing water as an extension of the land in city centres," he added.